You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not a. round Intermediate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not a. round Intermediate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: O a. 52210.84 O b. 35798.12 OC All the given choices are not correct O d. 29423.46 O e. 35533.55
You wish to save P2,500,000 for your retirement by saving a certain sum every month for the next 40 years. If you can earn 9% compounded monthly, and you make your deposits at the beginning of each month, how much would you have to deposit each month to achieve your objective? a. P616.59b. P534.04c. P565.67d. P530.06e. None of the above
You will make equal deposits into your retirement account each year for 10 years starting now (i.e., years 0–9). If you expect to withdraw $50,000 per year forever beginning 30 years from now, and the funds will earn interest at 10% per year, the size of the 10 deposits is nearest: (a) $4239 (b) $4662 (c) $4974 (d) $5471
You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 40 years? (Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/− 1%.) The future value of the deposit = ? Ik kom zelf op het antwoord 1,049,925.35 uit en het antwoordmodel op 1,043,438.63
Assume that you contribute $300 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $500 per month for the next 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple annuities $ 51,158 72
You deposit $11,600 annually into a life insurance fund for the next 10 years, at which time you plan to retire. Instead of a lump sum, you wish to receive annuities for the next 20 years. What is the annual payment you expect to receive beginning in year 11 if you assume an interest rate of 8 percent for the whole time period? (Do not round Intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Annuities per year over the next twenty years
You want to be able to withdraw $5000 from an account at the end of each year for the next 12 years. How much money should you invest now into an account earning 5.5% interest per year, compounded annually, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is made. Give the answer to 2 decimal places, and do not use the $ sign in the answer box. The amount to invest now is Blank 1. Calculate the answer by read surrounding text. dollars.
You plan to deoosit $S00 in a bank acoount now and $300 at the end of the year. f the accourt eams 5% interest per year, what will be the balance in the account right after you make the second deposit? The balance in tthe account right after you make the second deposit will be S (Round to the nearest dollar)
3
If Alvin invest 5500 to day in a saving account. The money will grow to 8500 at the end of the year 4. Assuming that the interest is paid once per year, the effective annual rate of the invent is a. 12.2 b. 12.9 c. 11.5 d. 13.6 E. 10.8
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If you deposit OMR 29173 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. O a. 42863.89 O b. 62981.59 O C. All the given choices are not correct O d. 43183.04 O e. 35493.33

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